Voyager Technologies closed its acquisition of lunar infrastructure company Astrobotic Technology for $162 million in cash and stock plus $9 million in assumed debt, with up to $129 million more in performance-based earnouts. The deal completes weeks after Astrobotic won two NASA lunar lander missions worth $298 million and as the company's Griffin-1 lander heads to NASA's Jet Propulsion Laboratory for testing ahead of a planned launch in late 2024. Voyager has rebranded Astrobotic as Voyager Lunar Systems, with longtime CEO John Thornton staying in place to lead the unit.
The acquisition fits Voyager's stated strategy of developing capabilities across low Earth orbit, the moon, and beyond. Astrobotic will continue development of its Griffin-1 and Peregrine landers, with the latter pair launching in 2028 under the NASA contract. Beyond lunar work, Astrobotic was also selected by NASA in July for $17 million in awards across a seven-company cohort to develop robotic mobility for Mars missions. Voyager plans to expand Astrobotic's Pittsburgh facilities and hire additional staff while exploring synergies with other Voyager capabilities, including propulsion technologies for national security applications.